Amendment of the Individual Savings Account Regulations 19986

In regulation 5D—

a

at the end of paragraph (2)(a)(ii) omit “or”;

b

at the end of paragraph (2)(a)(iii) substitute “or” for “and”;

c

after paragraph (2)(a)(iii), insert—

iv

permitted in accordance with regulation 5DDA; and

d

at the end of paragraph(2)(b), substitute a semicolon for the full stop and insert—

and

c

in a case within sub-paragraph (a)(iv)—

i

the account manager of the account to which the subscription is made is provided with the declarations required by regulation 5DFA as relevant to the subscription;

ii

the notices specified in regulation 5DFB(1) and (3) are given, as relevant to the subscription; and

iii

the information and declarations required by regulation 5DFC(2) are

provided.